GBPUSD 2015-03-04

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GBP/USD: 1.5330

Pound & the rebound correction

as we see over the chart, market managed to hold uptrend rebound correction where managed last week to test 1.5550 zone

short-run showing support level around 1.5315 which as long as market holding trades above this zone the rebound correction may sustain toward 1.5580

below 1.5315 the drop pressure may back to affect the market for farther drop to test 1.5215 and maybe 1.5130 zone

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.5315 1.5480
Level 2 1.5215 1.5530
Level 3 1.5140 1.5580

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